Teaching Resource

When Alexander Hamilton called for a Bank of the United States in his Report on a National Bank, he envisioned a central bank that would sustain a developing national economy. The bank would, through the creation of bank “notes,” replace some of the gold and silver money in circulation. This would allow for the growth in business activity without the need to rely solely on exports to increase money supply. Additionally, Hamilton argued that the bank would strengthen the national government by lending money to...